SR,

I am not a coal commodity expert, but in my youth, being involved in an automated coal washing and loading plant onto trains, and in constructing and maintaining power systems, I would estimate the cost of open cast mining and shipping of the coal to be far less than the bloomberg estimate and closer to the estimate below assuming the train line is in operation.

"Adani said the latest Carmichael scope should ensure the mine is a cheaper producer than 75 per cent of global mines that produce the 5500 product, and the company's slides implied Carmichael's unit costs would be between $US40 per tonne and $US60 per tonne."

Secondly, the Carmichael coal typically has a significantly lower moisture content than Indonesian coal and a similarly low sulphur content, and as a result is considered a low polluting coal.

Finally, if the rail line is built and owned by Adani, it will open up the rest of the Galilee basin, and the rail line will provide an additional revenue stream.

I would be happy to bet against you.

In box just now,a pleading email lets stop Adani, the world is full of them!
Before the election, even more now reality must bite these folk on the bottom
Put 100 people in a room, ask what they think of the greens, at best ten will not want their heads on a stick
Now the puffed up middle class never got their hands dirty ,ask them what will unemployed people think if we stop that mine
Voters in Queensland have told us
[Sorry Paul, regard you as a mate]
Now, do the maths
How will BRAZIL selling their coal,instead of us selling ours reduce carbon emissions?

Dear Shadow Minister,

Did you read your link?

"In the current environment, I would say Adani's product would probably fetch in the low to mid $US50 per tonne range. At such a price, Adani's product would still be fetching better prices than the low energy coals produced in India and Indonesia, with the latter product currently selling for about $US38 per tonne."

The Bloomberg article had them making a loss at $66 per tonne while you have them making a profit at $50 per tonne.

So given the production outlooks have been cut by at least 75% what figure do you want to claim as full production?

"Adani initially planned to export 60 million tonnes of thermal coal per year, but scaled that back to 25 million tonnes in 2016 and has now scaled it back a third time under the leadership of highly regarded former BHP and South32 executive, Lucas Dow, with the project expected to ship between 10 million and 15 million tonnes in its early years before considering expansion."

Happy with 10 million tonnes?

So the bet is Adani will not own the mine long enough to produce the very modest 10 million tonnes per year.

Shall we say $100 to a charity of the other's choice?

SR,

Your argument is that the mine is not viable, so if the mine continues running under different ownership, your argument still fails.

I propose that the bet is that the mine continues production for at least 5 years for $100 donated to the organisation of the winner's choice.

Dear Shadow minister,

You wrote;

"Your argument is that the mine is not viable, so if the mine continues running under different ownership, your argument still fails. I propose that the bet is that the mine continues production for at least 5 years for $100 donated to the organisation of the winner's choice."

Ah pedaling away furiously I see.

Well it seems you have about as much faith in Adani as I do. But as I suspect someone like Clive will pick up the venture when Adani exits it may well be viable if you are feeding a power station next to it instead of transporting the coal to India. So no, I will stick with "So the bet is Adani will not own the mine long enough to produce the very modest 10 million tonnes per year."

You up for it or not?

SR,

You are clearly the one furiously backing away from your position that Adani is not viable. If the plant is as non viable as you claimed, 5 yrs down the line it won't be running and no one would buy it.

If you are worried about a coal power plant, in the event I will give you a free pass and call it a draw mainly because the logistics of a coal fired plant 200 km from anywhere wrt cooling water and network power would be hugely expensive.

If you are finished making excuses I will nominate the payment to the Liberal party.